Business

Hyundai Offers $1.5 Billion in Aid to Suppliers

December 13, 2018 at 1:54 AM

Hyundai Motor Group has pledged 1.7 trillion won ($1.5 billion) over five years to help its small and medium-size suppliers stabilize their businesses and invest in new technologies.

Renault to Phase Out Most Rebadged Dacia Models

December 13, 2018 at 12:51 AM

Renault SA intends to stop selling Dacia cars under its own name and enable the Romanian brand to establish its own distinctive produce lineup.

China Rethinks China-First Industry Policy

December 13, 2018 at 12:20 AM

China is poised to delay its aim to dominate in manufacturing by 2025 and instead grant easier access for foreign companies.

Renault to Nissan: Don’t Talk to Our Board Members

December 12, 2018 at 3:33 PM

Renault SA has cautioned alliance partner Nissan Motor Co. not to contact its directors to review evidence that former Nissan Chairman Carlos Ghosn failed to declare €38 million ($43 million) in pay.

Conti Looks for Software Acquisitions

December 10, 2018 at 12:32 PM

Continental AG may spend as much as €5 billion ($5.7 billion) to buy one or more software companies following next year’s planned divestiture of its Powertrain division.

Retrofitter to Build Original Ford Broncos

December 10, 2018 at 11:53 AM

Hamel, Ill.-based Gateway Broncos has signed a licensing agreement with Ford Motor Co. to build a limited number of first-generation (1966-1977) Bronco SUVs.

Tower to Sell European Operations to French Supplier

December 07, 2018 at 11:31 AM

Livonia, Mich.-based metal stamping specialist Tower International Inc. has agreed to sell its European operations to Financiere SNOP Dunois S.A.(FSD), a privately owned French supplier.

VW Accelerates Profit and Cost-Cutting Efforts

December 06, 2018 at 10:00 AM

Volkswagen AG's namesake brand aims to “significantly improve” its earnings in coming years through aggressive cost-cutting to help finance rising investments in emerging technologies.

CEO Barra Gets an Earful about GM Plant Closures

December 06, 2018 at 12:36 AM

Ohio lawmakers urged General Motors Co. CEO Mary Barra yesterday to find new products to build in the Lordstown, Ohio, factory GM plans to close.

Daimler May Hike Stake in BAIC Venture

December 05, 2018 at 1:41 AM

Daimler AG reportedly is pondering a move to increase its 49% stake in a carmaking venture with China’s BAIC Motor Corp. to at least 65% in 2022.

No Pick Yet to Succeed Ghosn at Nissan

December 05, 2018 at 12:32 AM

Outside directors at Nissan Motor Co. met on Tuesday but failed to nominate a board member to replace Carlos Ghosn as chairman, according to media reports.

German Carmaker Chiefs Meet with Trump

December 04, 2018 at 6:15 PM

Top executives from BMW, Daimler and VW met with U.S. trade envoys and then President Donald Trump in Washington, D.C., today to discuss tariffs on cars.